Business Insider Highlights Transmetrics Among Top 5 startups to watch in “AI for Supply Chain Management”

Transmetrics has been featured among the Top 5 AI for Supply Chain Management Startups in the latest “Transportation & Logistics Startups to Watch” report by Business Insider Intelligence.

The report gives a high-level overview of the funding trends for startups in Transport and Logistics industry, as well as a list of 25 key startups in different fields such as AI for Supply Chain Management, Digital Freight, Warehouse Robotics, Self-Driving Car Software and Delivery Robotics. According to the BI Intelligence, startups in this report were selected based on the amount of funding they’ve received, a number of notable investors, the quality and number of their customers, the products or services they offer, and the leadership teams they’ve assembled.

“AI is being used by startups to improve supply chain management, enabling companies to determine where to best place their trucks, planes, and other assets. McKinsey estimates that AI could create as much as $1.3 trillion in economic value in the next 20 years for global supply chains and manufacturing facilities.” – states BI Intelligence describing the importance of AI applications for the Logistics and Supply Chain.

Picture Credit: Business Insider Intelligence

“Logistics industry, operating for many decades in the same traditional way, is now facing a major disruption. With the rise of e-commerce, increasing customers’ demand for better delivery service and new competitors such as Amazon coming into the logistics scene, the industry left with no choice but to adjust and improve the current operational activities and reduce costs.

In recent years, applying such technologies as Artificial Intelligence and Machine Learning allowed logistics providers to significantly enhance the quality of the data, gaining a better visibility on the overall operations and the upcoming demand. That is something which Transmetrics can help the leading and most innovative logistics companies with.

We are honored to be recognized by such a reputable research unit as Business Insider Intelligence among the top 5 startups bringing a positive change to the logistics and supply chain industry with innovative AI technologies,”– shares Anna Shaposhnikova, a Co-founder and Chief Commercial Officer of Transmetrics.